Representative of a Registered Broker-Dealer("BD") or Registered Investment Advisor ("IA") may only conduct business in a state if the representatives and the BD and IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, that state; or (b) are executed or exempted from that state's registration requirements.

Representatives of a BD or IA are deemed to conduct business in a state to the extent that they would provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation.

This communication is strictly intended for individuals residing in the states of WI, MN, TX, FL, VA, AZ, MA, IA. No offers may be made or accepted from any resident outside the specific state(s) referenced.

Content is for general purposes only and is not an offer to buy or sell any security.